Main Index Defies Kuwait Stock Exchange Mid-Session Decline... Liquidity at KD 31.9 Million

The Kuwait Stock Exchange began its first session of the week with mixed performance in the middle of trading, as leading stocks faced limited pressure that reflected on the general market index and the main market index, while the main market bucked the trend and recorded gains, reflecting continued liquidity rotation and selectivity among stocks, away from a unified market direction.

In contrast, the main market index rose by 0.35 percent, adding 31 points to reach 8,990.69 points, while the “Main 50” index fell by 0.42 percent, equivalent to 42.11 points, to 10,069.32 points.

The divergence between the rise in the “Main” index and the decline in the “Main 50” index reveals that support within the main market does not come uniformly from the largest and most active stocks, but is concentrated in another segment of stocks, reinforcing the image of selective speculation and liquidity rotation at the start of the week.

Trading value reached approximately 31.92 million Kuwaiti dinars by mid-session, through the trading of 127.2 million shares across 9,996 deals.

In terms of the most traded stocks by value, “Bit Al-Tamwil” led with around 3.36 million dinars, followed by “Kuwaiti” with around 2.10 million, then “Al-Mushtraka” with around 1.13 million, and “Arzan” with around 1.06 million, while “Safan” recorded trades valued at over one million dinars.

In the list of the most rising stocks, “Muttahida” led with gains of 4.31 percent, followed by “Eva” at 0.84 percent, “Boubyan B” at 0.42 percent, and “Safan” at 0.33 percent.

In contrast, “Investments” led the most declining stocks with a drop of 2.86 percent, followed by “Ahli” at 2.33 percent, “Eva Hotels” at 2.19 percent, and “Masharek” at 1.75 percent.

Sectorally, five sectors saw their indices rise, led by Technology at 16.03 percent, then Energy at 1.01 percent, while Communications rose by 0.36 percent, Real Estate by 0.38 percent, and Basic Materials by 0.37 percent.

In contrast, eight sectors declined, led by Healthcare at 13.12 percent, followed by Financial Services at 0.67 percent, and Consumer Services at 0.37 percent, while the Banking sector saw a limited decline of 0.05 percent.